Investors in Vatican City

New City Capital is a private equity firm specializing in growth capital, management buyout and recapitalization and companies which lacks a succession plan. It primarily invests in the smallest segment of the lower-middle-market. The firm primarily invests in technology, hospitality, real estate and sport industries. The firm invests in the Mid-Atlantic region of the United States. The firm typically invests in companies with sales between $1 million and $10 million and EBITDA between $0.75 million and $4 million. The firm invests from both the firm’s own capital and funds from its financial partners. New City Capital is headquartered in Charlottesville, Virginia.

City Bridge Trust is the funding arm of Bridge House Estates. It was established to make use of funds surplus to bridge requirements and provides grants totalling around £20m per year towards charitable activity benefitting Greater London. The City of London Corporation is the sole trustee of the Bridge House Estates and members of its Court of Common Council form the City Bridge Trust’s Grants Committee.

QCA Ventures is a national venture organization based in Cincinnati that supports entrepreneurs by providing capital, mentoring, and counsel to scale disruptive startups.

City Light Capital is a venture capital firm based in New York City, founded in 2004. The firm specializes in early-stage investments in companies that deliver both strong financial returns and positive social impact. Their investment focus spans education, safety and care, and environmental sectors, aiming to partner with experienced teams developing category-defining solutions. As one of the pioneers in impact investing, City Light has a proven track record of identifying and scaling businesses that create meaningful societal benefits. Notable portfolio companies include 2U (Nasdaq: TWOU), ShotSpotter (Nasdaq: SSTI), Trilogy Education, and Ready Responders.

Queen City FinTech is an accelerator specializing in early stage and startup investments. It holds a 12-week program. The firm seeks to invest in the financial technology services, finance and insurance sectors. It prefers to invest globally with a focus on Charlotte in North Carolina. The firm mainly invests in US and Canada including Israel, Brazil, Silicon Valley and New York City. The firm seeks to invest $0.02 million in its companies in exchange for equity. It takes a 6 percent equity stake in the companies in the program. Queen City FinTech is based in Charlotte, North Carolina.

Bay City Capital LLC is a private equity and venture capital firm specializing in restructuring opportunities, and growth investments. It invests in incubation; seed, startup, early, mid, and late stage; PIPES, mezzanine; bridge; and turnaround transactions. The firm prefers to invest in life sciences sector with a focus on biopharmaceuticals, drug discovery and research tools, medical devices, diagnostics, healthcare information technology, nutrition, and agribusiness. It typically invests in North America with a focus on the Great Lakes and Mid-Atlantic region. The firm invests at all stages of development. It also makes select public investments and is a lead or co-lead investor. The firm seeks board membership in its portfolio companies. Bay City Capital LLC was founded in 1997 and is based in San Rafael, California.

Fog City Capital LLC is a private equity and venture capital firm specializing in investments in early and mid-venture companies. It seeks to make equity investments through startups, management buyouts, recapitalizations, industry consolidations and growth capital. The firm prefers to invest globally in both growing companies in the software sectors with a focus on media and marketing, niche manufacturing, finance and administrative services, healthcare services, other services, and infrastructure, Applied AI Tools & Applications, Tech Enabled Business Services, software, service, application and enterprise software/SaaS. Within finance and administrative services, it invests in human resource outsourcing and payroll; collections; billing and payment processing; staffing and recruiting; auditing, accounting, and tax preparation; litigation support; insurance and mortgage processing; and documentation management. The firm’s healthcare services investments include medical billing and collections; contract and clinical research; third part administrators, benefits management; medical transcription; healthcare technology; mobile/remote medical services; and other medical services. Within other business services, it seeks to invest in direct and web marketing and printing; media and content creation; advertising and production services; database and content management; customer support services; information technology services; and logistics and supply chain. The firm’s infrastructure and application investments include customer relationship managements, enterprise resource planning, financial services, healthcare, media and marketing, and hosted applications software. It seeks to invest in companies based in the United States. The firm typically invests between $5 million and $20 million in companies with enterprise values between $10 million and $150 million, generating revenues between $2 million and $30 million, having an EBITDA between $2 million and $6 million, and a minimum of three years of operating history. It seeks a board seat in its portfolio companies and considers both control and significant minority investment opportunities. The firm prefers to make add-on investments and can co-invest with other firms. It prefers to take minority or majority stake. Fog City Capital LLC was founded in 2004 and is headquartered in San Francisco, California with an additional office in Playa Vista, California.

Fulcrum Equity Partners manages approximately $1 billion and makes equity investments in rapidly growing businesses that are led by strong entrepreneurs and management teams. We target companies within the healthcare, B2B SaaS, and technology-enabled services industries. We provide financing to meet a wide range of needs including internal growth initiatives, acquisitions, shareholder liquidity, buy-outs, recapitalizations, and divestitures. INVESTMENT PARAMETERS & STRUCTURE - Investment size: $5 - $25 million with potential for follow-on investments as needed - Providing capital to meet a wide range of needs - Will make non-control and control investments - Will lead or participate with other firms; collaborative with angel investors - Strong relationships with senior and sub-debt lenders - Relatively uncomplicated capital structure For more information, please visit https://www.fulcrumep.com/

Liberty City Ventures is a venture capital fund and incubator headquartered in New York City, established in 2012. The firm specializes in seed-stage investments, focusing on startups at the intersection of technology, media, and commerce. With over $1.5 billion in assets under management, Liberty City Ventures has co-founded and incubated two unicorns in the blockchain sector: Paxos and Lukka. The firm invests in companies building blockchain technology solutions and those implementing blockchain technology, with a particular emphasis on fintech, Web 3.0, gaming, the metaverse, and supply chain logistics. Liberty City Ventures offers investments ranging from $250K to over $100M, providing not only capital but also value-added services in public relations, marketing, management, and operations to support the growth of its portfolio companies.

Mill City Capital, L.P. is a private equity investment firm specializing in buyout of closely-held or family-owned businesses, buyout of orphan or non-core divisions, owner recapitalizations, add-on acquisitions, industry consolidation, buyout of public lower middle market companies. The firm does not invest in banking, real estate, media, healthcare or technology companies. It prefers to invest in industrial and consumer sectors with a focus on engineered industrial products, industrial services, transportation & distribution, agribusiness & food ingredients, food and consumer products & services, and restaurants & retail. Within industrial sector, the firm focuses on mechanical transmission and control products; test, measurement, and analytical equipment; thermal/environmental management products; electrical power management and control products; flow control and filtration products; mission-critical structural components; vertical market industrial services and logistics, energy services and logistics; and industrial equipment, distribution, aftermarket service, and repair. Within consumer sector, it focuses on ingredients and intermediate food products; foodservice channel products and distribution; private label/niche brand personal/household products; pet care; organic/natural, ethnic and private label packaged foods; value oriented and casual dining and franchising; ‘Do It Yourself’ products and distribution; specialty retail; consumer packaging. The firm focuses on companies based in the Midwest and Central/Western Canada, Midwestern United States, with a particular focus on companies located in the Upper Midwestern states of Minnesota, Wisconsin, Iowa, North Dakota, Nebraska, Illinois, and South Dakota. It typically invests between $5 million and $20 million in companies, Enterprise value of $15 million to $100 million and EBITDA of $2 million to $15 million. It can consider opportunities involving smaller companies as add-on acquisitions for existing portfolio companies and occasionally as stand-alone investments for an industry consolidation opportunity. The firm prefers to make a control investment and also minority stake. It typically invests for a period of between five years and seven years. Mill City Capital, L.P. was founded in 2010 and is based in Wayzata, Minnesota.

Bull City Venture Partners (BCVP) is a venture capital firm based in Durham, North Carolina, specializing in early-stage investments in B2B software and tech-enabled businesses. Founded in 2012, BCVP focuses on sectors such as cloud computing, e-commerce, fintech, logistics, and healthtech. The firm is known for its team-based approach, with partners Jason Caplain and David Jones having over 20 years of experience working together. They lead Pre-Seed, Seed, and Series A financings, often being the first institutional investor in a company. BCVP emphasizes a high level of service, leveraging its extensive network to assist portfolio companies with product feedback, strategic partnerships, and customer relationships. The firm maintains a focused portfolio, ensuring deep engagement and tailored support for each company. In May 2022, BCVP closed an oversubscribed $53 million Fund IV, more than doubling the size of its previous fund. Notable portfolio companies include Levitate, which raised nearly $14 million in a Series C funding round in April 2023, and Spoonflower, acquired by Shutterfly for $225 million in 2015

Second City Capital Partners (“SCCP”) is a multi-fund private equity firm that invests in Real Estate and Conventional Private Equity. Through our sponsored closed-end investment funds, SCCP makes investments on behalf of our principals, institutions and high net worth co-investment partners.SCCP’s approach to investing focuses on situations where our knowledge, relationships, market insight and access to capital provides a distinct advantage. In all circumstances, we engage in intensive due diligence, conservative transaction structuring and careful planning to minimize downside risks. Finally, we generally invest alongside highly skilled operating partners that invest meaningful capital in partnership and deliver a complementary skill set to maximize the value of each asset. SCCP is focused on sourcing off market opportunities, mitigating risk and delivering consistent long-term returns for our investors.

Bayou City Energy Management, LLC is a private equity firm specializing in buyout, lower middle market, growth equity, and growth capital investments. It prefers to invest in the upstream energy and oil and gas sector with a focus on the exploration and production (E&P) sector. The firm seeks to invest in North America. It considers investments between $5 million and $50 million. It also seeks to make co-investments. The firm also enters into dedicated drilling partnerships to leading operators in order to accelerate the development of de-risked locations. Bayou City Energy Management, LLC was founded in 2015 and is based in the Houston, Texas. Bayou City Energy Management, LLC is a subsidiary of Ara Partners Group, LLC.